CCP 03-11-1996 - Laserfiche WebLink

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Community Policing Institute . funding I receIves for regional training .1 Sharon Klumpp In addition to funding regional The 27 technical assistants who I On-site technical assistance and training conferences around the state, recemly completed the MCP!'s training programs provided by the the grant will fund diversity training, a intensive week-long community Minnesota Community Policing conference for police administrators policing seminar will be called upon to I and on-site visits to 120 law enforce- provide on-site technical assistance to Institute (MCP[) will be supplemented men! agencies that have received communities implementing community with regional training programs funded federal money to hire police officers policing as part of the grant. by a $181,000 grant awarded to U.S. and implement community-oriented "When law enforcement agencies I Attorney David Lillehaug's office last policing. accepted COPS money to put addi- week. tional officers on the street, they agreed to implement community policing," I said Lillehaug. "The trainiog that will 4M Fund update be provided in partnership with the Minnesota Community Policing I An investment alternative sponsored by Institute, the League of Minnesota the League of Minnesota Cities Cities and the MiImesota Department of Public Safety will help these law What is the 4M Fund? enforcement agencies fulfill their I The 4M Fund is a shorHerm money market fund specifically designed to address the training commitment to community comprehensive cash management needs of Minnesota cities and their instrumentalities. policing." Backed by the objectives of providing safety, liquidity and a competitive yield, the Fund is MCP! Project Director Linda I comprised of the highest quality, short-term investments allowable under Minnesota Miller added that on-site technical Statutes 475.66. The short-term nature of the FundseNes to minimize the effect of changes in interest rates. The Fund is managed and serviced by Insight Investment Managementand assistance is currently available to MBIA-Municipallnvestors Service Corporation. A fixed rate program administered by Dain assist individual communities inter- Bosworth Incorporated is available to 4M Fund participants, offering such alternatives as ested in putting community policing .- certificates of deposit, U.S. Treasury and agency securities and commercial paper. into practice. "Many police departw Market Update R through February 23,1995 mcnts point to bicycle safety programs, The testimony given last week by Federal Reserve Board Chairman Alan Greenspan left foot patrol programs and a canine unit, I many people in the investment community uncertain in their near term outlook for concluding that they have community interest rates. Prior to Greenspan's comments before the Humphrey-Hawkins policing," said Miller. "But commu- Committee, the investment community, by and large, believed that interest rates would be cut by Spring of this year. The market had a dramatic reaction to these comments, nity policing is not a program. It is an I most notable in the three-month through one-year area. operating philosophy that emphasizes solving problems and a partnership One feature of this week's trading is the decreased spread of treasury bills to agency between the police and the discount notes and corporate issues are trading almost on top of agency discount notes, both of which are yielding barely better than treasury bills. community:' I i Information about community Daily Rates-February 20 through 23, 1996 policing, how to get started and Interest Fund Average available resources can be obtained I Date Rate. Maturity through the MCP!. 2/20 4.92% 7 days If your city is interested in learning 2/21 4.91% 17 days 2/22 4.88% 18days more about the MCPI and its technical 2/23 4.88% 18 days assistance program, contact Linda I Miller at (6[2) 281-1210 or (800) 925- .Interest rates are net of all applicable fees. 1122.1r Daily interest compounding, free checking. Automated Clearing House (ACH) payment systems and I investmenteducalional OppC1I1unities are among the services offered by the Fund. For more information, please call Stefanie Adams of Insight Investment Management at (800) 333-0813 or (612) 371-7275. .--~._-,-,--'-"-~. I ________'_..._'____n_ --.------'- -.'---- .- .. Page 6 LMC Cities Bulletin I